I would like to know if a partnership firm registered in Karnataka can be converted to a proprietary concern. Also, what procedures need to be followed for the same.
Appreciate your guidance.
Thanks.
Menu
Convert partnership firm to proprietary concern?
Replies (2)
If the conversion has to be made in Karnataka then simply, if the firm is registerd then cancle the registration by making application to the registrar, and as per partnership deed conditions the firm shall be dissolved.
there is no need to get registration for propritory concern.
Also apply for the cancellation of PAN Card and other Registration.
In practical Partnership firm can not be converted to Propreitorship. Only it can be disloved. and A new Concern shall have to start.
-------------------------------------------
If you need further clarification than contact me
CS Ankur Shah (Practicing Company Secretary)
“Guru Gautam” Bungalow, Inside Parshwa Tower,
Nr. Shyamal Cross Road, 132ft. Ring Road,
Satellite, Ahmedabad – 15
Contact: + 91-9427633901
E-mail: ankur @ csankur.com, ankurjewel @ gmail.com
Blog: csankur.blogspot.com
Website: www.csankur.com
Recent Topics :
- Gifting money to my father-in-law (my husband's da
- GSTR-1 JSON from marketplace exports (Myntra / Ama
- Question on buy back of shares
- Saving corporate tax completely on profit from rea
- Hi experts need some helps
- A query regarding GST and Place of Supply:
- ADT-3 not filed by previous Auditor
- Revising salary on 24Q Q4 FY 25-26
- LTCG: Home Loan Principal Repayment?
- Ims action relationship query
Related Topics :
CAclubindia
